Deutsche Bank and Lynx launch UCITS fund
Deutsche Bank and Lynx Asset Management ("Lynx") are pleased to announce the launch of a UCITS III compliant version of the Lynx fund.
The UCITS fund, called DB Platinum IV Lynx Index (‘the fund’), was launched on Deutsche Bank’s DB Platinum IV platform in February 2011. The fund is managed by Lynx, part of Brummer & Partners group in Stockholm, in accordance with the systematic strategy applied by the Lynx programme and offers daily liquidity. The success of the Lynx programme has been attributed to its trend-following and statistical models.
The Lynx UCITS III fund is managed by Jonas Bengtsson, Svante Bergström and Martin Sandquist. As of February 2011, the programme assets of Lynx were USD 3.3bn.
Commenting on the launch, Deutsche Bank’s global head of the dbSelect platform, Hans Jacob Feder, said: “We are very excited about this launch. It is our goal to provide our clients with best-in-class product offerings across the investment spectrum. This fund is an important addition to our range of UCITS products as it leverages the strengths of the dbSelect platform and allows investors to capture the performance of FX and CTA/Macro Managers in a cost efficient and transparent manner.”
CEO and founding partner of Lynx, Svante Bergström, said: “We are strongly committed to continuing to deliver above average returns and we see this fund as an important way to make the Lynx programme available to a new investor base. To consider launching a UCITS fund, it has been important for us to limit the tracking error to our flagship fund. The innovative and unique structure that Deutsche Bank provides through the dbSelect platform allows us to achieve this. We are looking forward to working with Deutsche Bank on this new venture.”
For further information, please call:
Deutsche Bank AG
Phone: +44 (0) 207 545 8226
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With more than 100,000 employees in 74 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions, creating lasting value for its clients, shareholders, people and the communities in which it operates.